Cibus (CBUS) to Release Earnings on Thursday

Cibus (NASDAQ:CBUS) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.89) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cibus (NASDAQ:CBUS) last released its earnings results on Thursday, August 8th. The company reported ($1.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.33). Cibus had a negative net margin of 9,856.84% and a negative return on equity of 29.05%. The business had revenue of $0.84 million during the quarter, compared to analyst estimates of $0.44 million. During the same period last year, the business posted ($3.05) EPS. On average, analysts expect Cibus to post $-4 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Cibus Stock Up 7.5 %

NASDAQ:CBUS opened at $4.47 on Wednesday. The firm’s fifty day simple moving average is $4.21 and its 200-day simple moving average is $8.98. The stock has a market cap of $103.21 million, a PE ratio of -0.27 and a beta of 1.79. Cibus has a fifty-two week low of $2.86 and a fifty-two week high of $23.18.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBUS. Alliance Global Partners dropped their target price on shares of Cibus from $25.00 to $23.50 and set a “buy” rating for the company in a report on Tuesday, September 24th. Canaccord Genuity Group upgraded Cibus to a “strong-buy” rating in a report on Friday, July 19th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $20.00 target price on shares of Cibus in a research report on Tuesday, October 22nd.

About Cibus

Cibus, Inc, a agricultural biotechnology company, develops and licenses plant traits to seed companies for royalties. The company primarily focus on trait productivity in two areas, including productivity traits that enable farmers to have higher yields and reduce the use of the crop protection chemicals and fertilizers; and sustainable ingredients that enable corporations to replace ingredients that are fossil fuel based or whose production results in increased greenhouse gases.